A Debit Balance in the Income Summary Account Indicates

question 63

Multiple Choice

A debit balance in the income summary account indicates:

• A)An error was made.
• B)A Net Profit.
• C)A Net Loss.
• D)That revenues were greater than expenses.

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Definitions:

Intel Processors

Microprocessors developed and produced by Intel Corporation, known for their performance and used in a wide range of computing devices.

Socket Types

Different mechanical and electrical interfaces used for connecting a CPU to a motherboard, varying based on the physical layout, pin count, and other specifications.

LGA

Land Grid Array, a type of CPU socket or chipset that features pins on the socket rather than on the chip, used to connect a microprocessor to a motherboard.

Blu-Ray DL

Blu-ray DL stands for Dual Layer Blu-ray disc, offering a larger storage capacity compared to single-layer discs, typically up to 50 GB.